In recent years, a significant transformation has taken place in the realm of philanthropy, primarily driven by the burgeoning influence of wealthy millennials and Gen Z individuals. Unlike previous generations that often viewed charitable giving as a matter of simply writing checks, the younger affluent demographic perceives their role as more akin to that of
Wealth
In a bold move that redefines luxury automobile personalization, Rolls-Royce has recently announced the opening of its inaugural U.S. “Private Office” located in the vibrant Meatpacking District of Manhattan. This boutique design studio caters solely to affluent clients seeking unrivaled bespoke vehicle experiences. The new initiative is a pivotal aspect of Rolls-Royce’s refreshed strategy, emphasizing
In recent years, artificial intelligence has emerged as one of the most dynamic sectors within the investment landscape, drawing significant attention and capital from high-net-worth individuals and family offices alike. Laurene Powell Jobs, the widow of Apple co-founder Steve Jobs and a well-known philanthropist, is actively shaping this conversation through her family office, Emerson Collective.
In the realm of high-stakes politics, voting behaviors among affluent individuals can provide a revealing glimpse into broader economic sentiments. A recent survey conducted by UBS has unveiled intriguing data, indicating that while many millionaire investors favor Vice President Kamala Harris in the upcoming election, they still assign higher economic performance ratings to former President
The landscape of investment strategies among family offices is undergoing a notable transformation as these private wealth managers display an unprecedented level of confidence. Recent findings from the 2024 Global Family Office Survey by Citi Private Bank indicate that nearly all family offices anticipate positive investment returns this year, reflecting a paradigm shift in their
The last decade has been nothing short of a financial renaissance for the world’s wealthiest individuals, marking a remarkable increase in the number of centimillionaires—those with investable assets of $100 million or more. According to a comprehensive report by New World Wealth in collaboration with Henley & Partners, this elite demographic has grown significantly, with
As the political winds shift in the United States, wealthy individuals are facing a pressing dilemma regarding estate planning and gift taxation. With the potential for significant changes to the estate tax structure looming on the horizon, high-net-worth investors are strategizing to mitigate future tax burdens. The 2017 Tax Cuts and Jobs Act introduced unprecedented
The ultra-wealthy population in China is projected to increase by almost 50% in the coming years, reaching an estimated 144,897 individuals by 2028. Despite facing economic challenges and a slowdown in growth, wealthy Chinese are opting for a more conservative investment approach. The current trend indicates a shift towards international assets, particularly in the luxury
The United Kingdom is currently facing a concerning trend where a record number of millionaires are expected to leave the country. The reasons behind this exodus are complex, with various factors contributing to the phenomenon. Research indicates that the upcoming general election is expected to further exacerbate the departure of high-net-worth individuals from the UK.
The recent news that British luxury fashion house Burberry Group dropped out of the U.K.’s FTSE 100 stock market index has sent shockwaves through the industry. This marks a significant decline for the 168-year-old retailer, which has been facing mounting pressures in recent years. This article will delve into the reasons behind Burberry’s struggles, from